| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
CHMG Overview
Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services.
Chemung Financial Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$46.29 |
| 52 Week High | US$27.38 |
| 52 Week Low | US$48.88 |
| Beta | 0.091 |
| 1 Month Change | -0.065% |
| 3 Month Change | 9.95% |
| 1 Year Change | 53.08% |
| 3 Year Change | 5.28% |
| 5 Year Change | 61.23% |
| Change since IPO | 266.65% |
Recent News & Updates
Shareholder Returns
| CHMG | US Banks | US Market | |
|---|---|---|---|
| 7D | 0.6% | 0.9% | -0.6% |
| 1Y | 53.1% | 63.3% | 33.8% |
Return vs Industry: CHMG underperformed the US Banks industry which returned 63.3% over the past year.
Return vs Market: CHMG exceeded the US Market which returned 33.8% over the past year.
Price Volatility
| CHMG volatility | |
|---|---|
| CHMG Beta | 0.091 |
| Industry Beta | 1.37 |
| Market Beta | 1 |
Stable Share Price: CHMG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CHMG's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1833 | 341 | Anders Tomson | https://www.chemungcanal.com |
Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. The company provides demand, savings, and time deposits; non-interest and interest-bearing checking accounts; and insured money market accounts. It also offers commercial and agricultural loans comprising loans to small to mid-sized businesses; commercial mortgage loans; residential mortgage loans; consumer loans, including home equity lines of credit and home equity loans; and letters of credit, wealth management, employee benefit plans, mutual fund, annuities, brokerage and services.
Valuation
Is Chemung Financial undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CHMG ($46.29) is trading below our estimate of fair value ($98.64)
Significantly Below Fair Value: CHMG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CHMG is good value based on its PE Ratio (8.9x) compared to the US Banks industry average (10.8x).
PE vs Market: CHMG is good value based on its PE Ratio (8.9x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: CHMG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CHMG's PB Ratio (1.1x) is in line with the US Banks industry average.
Future Growth
How is Chemung Financial forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-7.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CHMG's earnings are forecast to decline over the next 3 years (-7.3% per year).
Earnings vs Market: CHMG's earnings are forecast to decline over the next 3 years (-7.3% per year).
High Growth Earnings: CHMG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CHMG's revenue (1.9% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: CHMG's revenue (1.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CHMG's Return on Equity is forecast to be low in 3 years time (9.5%).
Past Performance
How has Chemung Financial performed over the past 5 years?
18.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CHMG has high quality earnings.
Growing Profit Margin: CHMG's current net profit margins (27.9%) are higher than last year (19.9%).
Past Earnings Growth Analysis
Earnings Trend: CHMG's earnings have grown by 18.7% per year over the past 5 years.
Accelerating Growth: CHMG's earnings growth over the past year (67.6%) exceeds its 5-year average (18.7% per year).
Earnings vs Industry: CHMG earnings growth over the past year (67.6%) exceeded the Banks industry 36%.
Return on Equity
High ROE: CHMG's Return on Equity (11.9%) is considered low.
Financial Health
How is Chemung Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: CHMG's Assets to Equity ratio (11.7x) is moderate.
Allowance for Bad Loans: CHMG has a sufficient allowance for bad loans (241%).
Low Risk Liabilities: 98% of CHMG's liabilities are made up of primarily low risk sources of funding.
Loan Level: CHMG has an appropriate level of Loans to Assets ratio (65%).
Low Risk Deposits: CHMG's Loans to Deposits ratio (72%) is appropriate.
Level of Bad Loans: CHMG has an appropriate level of bad loans (0.6%).
Dividend
What is Chemung Financial current dividend yield, its reliability and sustainability?
2.68%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CHMG's dividend (2.68%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: CHMG's dividend (2.68%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: CHMG's dividends per share have been stable in the past 10 years.
Growing Dividend: CHMG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.2%), CHMG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CHMG's dividends in 3 years are forecast to be well covered by earnings (27.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.2yrs
Average management tenure
CEO
Anders Tomson (54 yo)
4.75yrs
Tenure
US$949,965
Compensation
Mr. Anders M. Tomson has been the Chief Executive Officer and Director of Chemung Canal Trust Company and Chemung Financial Corporation since December 22, 2016. He serves as President & CEO of CFS Group, I...
CEO Compensation Analysis
Compensation vs Market: Anders's total compensation ($USD949.97K) is about average for companies of similar size in the US market ($USD1.10M).
Compensation vs Earnings: Anders's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: CHMG's management team is seasoned and experienced (5.2 years average tenure).
Board Members
Experienced Board: CHMG's board of directors are considered experienced (7.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CHMG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Chemung Financial Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Chemung Financial Corporation
- Ticker: CHMG
- Exchange: NasdaqGS
- Founded: 1833
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$215.824m
- Shares outstanding: 4.66m
- Website: https://www.chemungcanal.com
Number of Employees
Location
- Chemung Financial Corporation
- One Chemung Canal Plaza
- Elmira
- New York
- 14901
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/19 22:12 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.